Business & Finance
Archer agrees extension of debt facilities with lenders
Archer has secured a consensual amendment and extension of its debt facilities with all the lenders to the company.
Tanker Rates Surge after Bahri’s Surprising Charters
Daily freight rates for Very Large Crude Carriers skyrocketing.
Coronavirus: DeepOcean Takes Precautionary Measures
Subsea services player DeepOcean has published guidelines and mitigating actions to safeguard its employees against the spread of COVID-19. The guidelines and mitigating actions enforced by the company are in line with the World Health Organisation’s recommendations and developed in collaboration wi
Princess Cruises Halts Global Operations for 2 Months in Response to Coronavirus Impact
Princess Cruises will pause global operations of its 18 cruise ships for two months.
Van Oord Signs MOU in Indonesia
PT Pengerukan Indonesia (the dredging subsidiary of IPC) and PT Van Oord Indonesia have a long track record of successfully executing projects together. The two parties have signed a MOU which aims to explore further cooperation and partnering on dredging projects in Indonesia, especially at the por
Murphy cuts spending by $500 million amid oil price volatility
U.S. oil and gas company Murphy Oil has revised its capital spending plans for 2020 given current market conditions and recent commodity price volatility.
Strategic Acquisitions Spur DP World’s Revenue Growth
DP World posted 36.1 percent revenue growth and a 4.6 percent higher profit for the full year of 2019.
Apache responds to current challenging market by slashing spending
Apache Corporation has announced multiple actions in response to current challenges in the oil market featuring an oil price war between Saudi Arabia and Russia following the OPEC+ breakdown, the effect of the coronavirus outbreak on global oil demand, and the ‘historic’ plunge of oil prices this we
Ten IHC Beavers Offloaded in Egypt
Ten IHC Beaver cutter suction dredgers were offloaded in Egypt earlier this week, according to the company’s latest announcement. The company also added that the team of Royal IHC Middle East started the commissioning of the cutter suction dredgers for the Egyptian Ministry of Defense (MOD). “Our co
Work Underway on Latest Phase of Portsea Coastal Defense Scheme
Work is progressing well on the latest phase of a scheme which will reduce the risk of coastal flooding for more than 4,500 homes and businesses on Portsea Island. The £58m North Portsea Island Coastal Defense Scheme, which is being delivered by the Eastern Solent Coastal Partnership on behalf of Po
Samherji Ups Stake in Eimskip
Samherji Holding has expanded its holding in Icelandic shipping company Eimskip.
Ridge Armoring Project Kicks Off in St. Bernard Parish
Officials of the Louisiana Coastal Protection and Restoration Authority (CPRA) joined yesterday St. Bernard Parish Government for the ground breaking of the Bayou Terre Aux Boeufs Ridge Restoration project. The armoring project was designed by Royal Engineering and Deep South Construction and Salvag
Clipper Takes Control of Klaveness’ Bulkhandling Pool
Clipper Bulk revealed it would acquire the Bulkhandling shipping pool from Klaveness.
Oceanside Harbor Dredging in Full Swing
As of yesterday, Manson Construction has dredged around 100,000 cubic yards of sand from the entrance channel of Oceanside Harbor, the city officials reported on social media Wednesday. They also added that Manson had been expecting 9′ swells and moved the dredge HR Morris vessel back into the harbo